HSI Finishes Up 310 Pts; BABA-W, POP MART Dive 2-3%; HENDERSON LAND Swells 7%
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index rose 1.21% to close at 26,009, driven by strong performance in gold and resource stocks. Zijin Gold surged over 8%, while Henderson Land jumped 7.17% on beating profit expectations. Conversely, BABA-W fell 2.54% after missing profit targets, and Pop Mart dipped 3.06% following a JPMorgan downgrade. Tech giants Xiaomi and NetEase also gained ground.
This morning (21st), the HSI opened up 109 pts and drifted higher throughout the session, closing at the day's peak of 26,009, up 310 pts or 1.21%, with full-day turnover reaching HKD257.277 billion. The HSTECH closed at 4,766, up 65 pts or 1.4%. The HSCEI closed at 8,634, up 86 pts or 1.01%.
Among heavyweight dotcoms, BABA-W (09988.HK) -3.200 (-2.536%) Short selling $4.45B; Ratio 24.410% 's adjusted net profit for 1FQ missed. Although brokers upgraded the stock, its share price opened higher and then turned lower, closing down 2.54%. NTES (09999.HK) +8.600 (+4.447%) Short selling $508.38M; Ratio 17.656% rallied 4.45% on strong gaming business in 2Q. XIAOMI-W (01810.HK) +1.260 (+4.539%) Short selling $872.59M; Ratio 16.824% shot up 4.54%, while TENCENT (00700.HK) +5.600 (+1.241%) Short selling $1.47B; Ratio 14.596% advanced 1.24%.
Several blue-chip companies released quarterly results. POP MART (09992.HK) -4.700 (-3.058%) Short selling $1.70B; Ratio 26.426% slipped 3.06% post results, after JPMorgan downgraded the stock to Underweight. LI NING (02331.HK) -0.210 (-1.452%) Short selling $285.92M; Ratio 37.689% opened higher before turning down 1.45%, as the company lowered its full-year revenue target to low-single-digit growth. HENDERSON LAND (00012.HK) +2.020 (+7.168%) Short selling $442.55M; Ratio 53.941% posted more than 66% growth in interim underlying profit, beating expectations, and the stock closed up 7.17%. Citi and UBS said CHINA TELECOM (00728.HK) +0.155 (+3.277%) Short selling $52.12M; Ratio 12.573% 's 2Q net profit beat, lifting the stock by 3.28%.
Resource and metal stocks thrived, with CHALCO (02600.HK) +0.320 (+3.960%) Short selling $24.49M; Ratio 6.794% and CHINAHONGQIAO (01378.HK) +0.780 (+3.482%) Short selling $98.01M; Ratio 14.173% both mounting more than 3%. Spot gold stabilized above USD4,500 per ounce, with ZIJIN GOLD INTL (02259.HK) +12.000 (+8.092%) Short selling $816.74M; Ratio 38.747% surging another 8.09%, ZIJIN MINING (02899.HK) +1.800 (+4.897%) Short selling $590.69M; Ratio 19.823% soaring nearly 5%, and LINGBAO GOLD (03330.HK) +1.840 (+7.877%) Short selling $68.81M; Ratio 9.911% leaping 7.88%. Gold jewelry stocks also attracted buying interest, with CHOW TAI FOOK (01929.HK) +0.150 (+1.120%) Short selling $134.46M; Ratio 58.734% up 1.12%, and LAOPU GOLD (06181.HK) +27.600 (+7.455%) Short selling $110.10M; Ratio 11.318% up 7.46%, becoming the best-performing blue chip of the day.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-21 16:25.)